India CPI hits 3.93% in May, four-month high as food and jewellery prices reshape retail baskets
Retail inflation accelerated from 3.48% in April, with food at 4.78% and rural prints (4.25%) outpacing urban (3.53%). Silver jewellery surged 155%, gold/diamond ~41%, personal care 18.5%, while cars (-7.2%) and two-wheelers (-3.6%) deflated — signalling a barbell of premium discretionary heat and mass mobility softness.
India's May retail inflation rose to 3.93%, a four-month high, driven by food, fuel and jewellery. Rural inflation outpaced urban; tomato, ginger and silver jewellery prices surged, while potatoes, cars and two-wheelers deflated, signaling shifting retail pricing pressures.
Also reported by
- Forbes India — 67h after first sighting